Spotify Technology has released its results for the second quarter of 2026 today.

“Today, we announced our Second Quarter 2026 earnings, and with them a milestone no audio streaming service has ever reached: 300 million Premium Subscribers. In Q2, our revenue growth accelerated, gross margin hit an all-time record, and we continued to ship features that deepen how fans discover, create, and connect on Spotify, while supporting artists, creators, authors, and partners.”

Alex Norström, Co-CEO, said: “We have a scale that few companies in history have reached, a business that is healthy and compounding, and opportunities only we are positioned to pursue. Spotify lives across your whole day — the commute, the workout, studying, gaming, the dinner table, and sleep. At our scale, that is rare…Our position gives us an opportunity space as wide as our users want it to be.”

Gustav Söderström, Co-CEO, said: “Investor Day described where we believe Spotify is going in the future. This quarter demonstrated that we are already building that future: better engineering, faster shipping, new products and new ways for users to engage. We are still in the very early stages of what is possible and will continue to have a high bar for investments…Our job remains the same: understand the technology early and deeply, and turn it into something people love. Creating value for our stakeholders.”

Q2 2026 Earnings Results:

• • Premium Subscribers grew 9% Y/Y to 300 million
  • Monthly Active Users (MAUs) climbed 12% Y/Y to 777 million
  • Total Revenue increased 14% Y/Y (15% Y/Y constant currency*) to €4.8 billion
  • Gross Margin improved by ~193 bps Y/Y to 33.4%
  • Operating Income reached €655 million